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American to Lay Off 19,000 Employees

American to Lay Off 19,000 Employees

BY PATRICK DALY 19263d AGO 0 COMMENTS
Credit: TheExplorerBlog | Andrew Bissonnette

 

Dallas, TX- American Airlines intends to lay off 19,000 employees by October 1st, unless airlines are given financial assistance from Congress. With over 133,000 employees heading into 2020, the world’s largest airline said that they need to reduce that number by at least 40,000. The airline also said that over 12,500 employees had agreed to leave the airline with early retirement, and an additional 11,000 had agreed to voluntary furloughs for the month of October. In a letter to employees, the Airlines CEO Doug Parker and President Robert Isom said, "Even with those sacrifices, approximately 19,000 of our team members will be involuntarily furloughed or separated from the company on October 1, unless there is an extension of the [federal help]." The Airline said that 17,000 layoff notices were sent to employees on Tuesday.

 

Credit: Bella Nava

 

Earlier this year, the U.S. Congress released a financial aid package to bail out U.S. Airlines and passed the CARES act, protecting airlines until the end of July, 2020. This covered time period has ended, forcing airlines to furlough employees in order to stay afloat.

Patrick Daly
Patrick is an aviation enthusiast from Austin, Texas. He grew up with a love for planes, and in 2018, he started plane spotting. Soon after, he created his Instagram aviation account, @just_planepictures.

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